{"id":6692,"date":"2021-10-06T13:16:25","date_gmt":"2021-10-06T13:16:25","guid":{"rendered":"https:\/\/qa-front.dev.techhub.cloud\/blog\/?p=4803"},"modified":"2024-04-17T12:09:59","modified_gmt":"2024-04-17T12:09:59","slug":"metaverse","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/metaverse\/","title":{"rendered":"Metaverse"},"content":{"rendered":"

Internet usage has grown to almost 60%<\/a> of the world\u2019s population within twenty-five years. What started as a very static and complex exchange of raw information has evolved into a digital universe (cloud) with infinite ways to share and express data.<\/p>\n

At the same time that the whole world has access to this digital super brain, people are getting increasingly more interested in solving global problems. Tech entrepreneurs want to bring innovation and improve the quality of life for everyone.<\/p>\n

With the ability to learn, connect, innovate, and create plus a constant feedback loop of everyone expressing their concerns\/moral believes the internet has become a mechanism for collective creation.<\/p>\n

This is especially true when looking at the impact of cryptocurrencies. The innovations happening in the space add privacy and decentralization to the internet, making it possible to further progress into a fully digital reality. This reality, which is slowly being shaped at the time of this writing, is what we call the Metaverse.<\/p>\n

What is a Metaverse?<\/h2>\n

The word Metaverse stands for an alternative digital reality\/universe where users can connect to, and use, with the power of the internet. The term is often associated with the new version of the internet, known currently as Web3<\/a>, or a more 3D-like version where static websites become virtual, interactive worlds.<\/p>\n

This form of the internet is fully accessible through the use of AR (augmented reality) and VR (virtual reality). It contains game-like features, movie-like graphics, decentralized economies, and the endless possibilities to alter the \u201cworld\u201d around you.<\/p>\n

A common example of how a Metaverse could look like is the Steven Spielberg movie \u2018\u2019Ready Player One\u2019\u2019. Being able to fully emerged and switch from one world or set to the next has enormous benefits.
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